AOL Inc. 4
4 · AOL Inc. · Filed Jun 25, 2015
Insider Transaction Report
Form 4
AOL Inc.AOL
Ibarguen Alberto
Director
Transactions
- Disposition to Issuer
Common Stock, Par Value $0.01
2015-06-23$50.00/sh−4,500$225,000→ 0 total - Disposition to Issuer
Common Stock, Par Value $0.01
2015-06-23$50.00/sh−28,064$1,403,200→ 4,500 total
Footnotes (2)
- [F1]On May 12, 2015, AOL Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Verizon Communications Inc. ("Verizon") and Hanks Acquisition Sub, Inc. ("Acquisition Sub"), a wholly owned subsidiary of Verizon, pursuant to which Verizon acquired the Company in a merger (the "Merger") that became effective on June 23, 2015. Pursuant to the Merger Agreement, all shares of Company common stock outstanding immediately prior to the effective time of the Merger (the "Effective Time"), were canceled and converted automatically into the right to receive a cash payment equal to $50.00. The number represents shares of Company common stock issued upon the settlement of restricted stock units.
- [F2]The number represents shares of Company common stock that were purchased on the open market and disposed of in the Offer and/or the Merger. Pursuant to the Merger Agreement, each share of Company Common Stock issued and outstanding immediately prior to the Effective Time was cancelled and automatically converted into the right to receive a cash payment of $50.00 in cash.